JP Morgan Treasury Services today announced a range of enhancements to its U.S. Dollar Clearing – Asia Direct solution, the reach of the solution has expanded four-fold.

The enhancements deploy JP Morgan's state-of-the-art technology to optimise routing and further integrate with J.P. Morgan's Book Transfer capabilities. Asia Direct automatically determines the quickest route to make payments to Asian beneficiary banks. Clients now enjoy a greater reach for making payments to more than 25,000 sub-branches across China, Hong Kong, Taiwan, Japan and the Philippines.

The U.S. Dollar Clearing – Asia Direct solution allows clients to leverage J.P. Morgan's latest technology, strong client relationships and access to multiple clearing systems to expedite payments to beneficiary banks in China, Hong Kong, Japan, Taiwan and the Philippines from a single USD account in the U.S. This leads to reduced delays, maximized liquidity efficiency, efficient payment processing and simplicity of implementation.